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India launches tax revolution amid business doubts

03:44 EDT 1 Jul 2017 | Yahoo News

India launches tax revolution amid business doubtsIndia on Saturday launched its biggest ever fiscal reform with the government promising that a new nationwide tax would make the economy stronger and less corrupt, but businesses are nervous about the revolution. The new goods and services tax (GST) replaces more than a dozen levies imposed nationally and by the 29 states. Prime Minister Narendra Modi held a special midnight session of parliament to launch GST which he called "a good and simple tax".


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